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Wsib premium remittance form

Wsib premium remittance form download 2026

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The document provides detailed instructions for completing the Premium Remittance Form for insurance premiums, including how to calculate total insurable earnings, premium amounts, and payment methods. It outlines steps for firms with one or multiple Classification Units (CUs), defines key terms such as 'worker' and 'contractor', and emphasizes the importance of timely reporting to avoid non-compliance charges. Additionally, it offers contact information for assistance.

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Click ‘Get Form’ to open the wsib premium remittance form in the editor.
In Column A, enter the total insurable earnings for all workers, including optional insurance. This is crucial for accurate premium calculation.
Multiply the amount in Column A by the premium rate listed in Column B to determine your premium amount.
Divide the total from step 3 by 100 to calculate the final premium amount owing, and write this in Column C.
Transfer the premium amount from Column C into the CU Premium column on the remittance stub next to the CU description.
If there are no earnings to report for any CU, simply write '0' as insurable earnings for that section.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the meaning of remittance of premium?

Remitted Premium means, for each Participating Agent, the earned title insurance premiums remitted to the Company or any Affiliate, as the case may be, by such Participating Agent.

What is the difference between a payment and a remittance?

Remittance refers to any kind of money transfer made from one person or organization to another. It can encompass various forms, such as electronic funds transfers, wire transfers, or even physical cash payments. In the context of business transactions, any payment of an invoice or a bill can be called a remittance.

What is a premium remittance?

Paper reconciliation return the original form in the envelope provided. dont return your working copy or any photocopies or faxes of the form keep them for audit purposes. return your completed form via mail to P.O. Box 4115, Station A, Toronto, ON M5W 2V3, so that we receive it no later than March 31.

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